I've seen people complain about this multiple times on this forum and want to point out this is a ZERO CGT stock. We are all well aware that day traders/short term traders exist. As well with government payments to many Australians in the last 6 months to a year there has been an increase in retail investors, who have little experience on how markets work which provides a perfect opportunity for day traders/short term traders to exploit. This from what I gather will be a constant trend in these ZERO CGT stocks, especially in these market conditions.
An example of a similar stock which is also registered under the Pooled Development Fund act (PDF) is BTC. This morning they had a positive announcement to do with securing exclusive distribution deals with their product which followed the SP pump to 19.5c then dump to as of right now 8.8c.
This, from what I can tell will continue to happen in these PDF stocks and it looks to be a part of the game. I would love to find brokerage data, if available, on the timespan of how long this stock is held before it is sold which I believe would indicate short periods, especially after positive announcements.
Good news for this stock is after the so called dust has settled we are seeing a semi- stabilising re rate to the share price which if you are in this stock for the FA and speculative projections, short to mid term is looking promising.
As always DYOR
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Last
4.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.15M |
Open | High | Low | Value | Volume |
4.3¢ | 4.3¢ | 4.3¢ | $1.476K | 34.32K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 104956 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 104956 | 0.042 |
5 | 321610 | 0.041 |
8 | 425375 | 0.040 |
1 | 12693 | 0.039 |
1 | 20000 | 0.038 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 50000 | 1 |
0.045 | 52466 | 2 |
0.046 | 10000 | 1 |
0.047 | 1884 | 1 |
0.048 | 100000 | 2 |
Last trade - 13.44pm 12/08/2024 (20 minute delay) ? |
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SOR (ASX) Chart |